- TLM coin is a recently boosted cryptocurrency from the Binance launch pool, which had jumped strongly to the upside and now facing corrections in the market
- It is a native token to the Alien Worlds ecosystem aimed to bring disruption in the metaverse of NFTs developed in the form of DeFi
TLM Coin Fundamental Analysis
Alien Worlds is an NFT DeFi metaverse that aims to bring simulation to the economic competition and collaboration between players in the NFT marketplace. Players achieve this simulation by incentivizing and competing for Trillium (TLM), which is required to control competing “Planet DAOs” and gain access to additional gameplay.
In the metaverse, players can acquire NFTs to mine TLM through engaging in battles and completing in-game quests. Players may purchase and assemble NFTs that are optimum to their gameplay, which is completed depending on their strategy. A part of governance can also be added in the metaverse. Players may engage in governance by electing the Councilors of six Planet DAOs, thereby influencing the game’s direction.
The project has attempted to showcase several use-cases to its users, counting mining, staking, governance, and earning other potential rewards side by side. NFT marketplace and gaming are currently the emerging trend of the market. However, an emerging trend always set to bring competition among the participants, and TLM will unquestionably be facing fierce competition with potential projects like Decentraland (MANA), Enjin Coin (ENJ), Flow (FLOW) and many more.
TLM Coin Technical Analysis
The newly launched TLM coin faced severe corrections right from the start slipping from $1.00 to the low $0.19. However, the downfall indeed engaged the buying interest among the investors, which laid the foundation of a bullish rally for the coin. The positive momentum sustained till 0.236fib level ($0.75) and started to retrace back again. However, a bounceback from 0.618fib level ($0.47) was observed. In a shorter time frame, the price levels face minor resistance at 0.382fib level ($0.65). However, as this is a new listing in the NFT marketplace and gaming segment, we expect the coin to build more R&S levels in the upcoming trading sessions.
The volume traded is still on positive momentum compared to the initial stages, which is much required for the bounceback of the bulls. The current volume stands around $6.63M
MACD levels have started to form green bars on the histogram but still failed to have a positive breakout above it.
RSI levels exhibit negative divergence indicating more potential downtrend to be faced by the coin in the upcoming trading sessions until the support of $.0.47
Resistance: 0.382 FIB ($0.65)
Support: 0.618FIB ($0.47)